Tactical; Flexible discipline
Emphasis on maximizing return while protecting principle
Backed by extensive credit, economic, and quantitative research
Diversified broadly by structure, geography, and credit quality
PSN Top Guns 4Q 2021 4 stars.png
PSN Top Guns 3Q 2021 6 stars.png
Top Gun graphics_2021_2021Q2_4 stars.png
PSN Top Guns 1Q 2021 4 stars.png
PSN Top Guns 4Q 2020 6 stars MD.png
PSN Top Guns 3Q 2020 4 Stars.png
PSN Top Guns 2Q 2020 6 Stars.png
PSN Top Guns 6 Stars 1Q 2020.png

The PSN Municipal universe was created using the information collected through the PSN investment manager questionnaire and use only gross of fee returns. Mutual fund and commingled fund products are not included in the universe. PSN Top Guns investment managers must claim that they are GIPS compliant. Top ten performers for the latest three-year period become 3 STAR TOP GUNS.

Municipal Bond
A Closer Look at Municipal Defaults- Dra

History of Municipal Bond Defaults